Derivatives

Is Goldman Sachs One Big Credit Portfolio?

The Big Picture | Posted 08.14.2009 | Business


Now that Goldman Sachs is a commercial bank comes a new set of public reporting requirements. One of these public reports is linked above, and below i...

Oil Prices: Debate Over Speculators Intensifies

washingtonpost.com | Steven Mufson | Posted 08.14.2009 | Business


The run-up in oil prices that began earlier this year was not as steep as last summer's record climb, but it was almost as mystifying. ...

Geithner: Stimulus Working, Derivatives Blindsided Government

AP | ANNE FLAHERTY and JIM KUHNHENN | Posted 08.10.2009 | Business


WASHINGTON — Despite persistently high unemployment, Treasury Secretary Timothy Geithner said Friday the Obama administration's economic stimulu...

Julie Satow

A Perfect Storm Could Shed Light On Secretive Energy Markets

HuffingtonPost.com | Julie Satow | Posted 07.24.2009 | Business


When Olav Refvik wanted to boost the price of heating oil to make a lucrative energy deal even more lucrative, the Morgan Stanley trader locked up sev...

How Should We Think About Bank Lobbying?

Robert Teitelman | Posted 07.09.2009 | Business


Robert Teitelman

Reporters: Lay out the interests and report the bank lobbying and the money. Do it until readers nod off, which may be soon. It ain't pretty, but it's all we've got.

Reagan Didn't Do It

Robert Scheer | Posted 07.03.2009 | Politics


Robert Scheer

Ronald Reagan's signing off on legislation easing mortgage requirements back in 1982 pales in comparison to the damage wrought 15 years later.

Financial Crisis: Clinton's Role

Washington Post | Ezra Klein | Posted 06.28.2009 | Business


I think Bill Clinton makes a persuasive case that it was what he didn't do, rather than what did do, that contributed to the financial crisis. There a...

Geithner Adopts Part Of Wall Street Plan For Regulation Of Derivatives

Bloomberg | Matthew Leising | Posted 06.24.2009 | Business


The U.S. Treasury's plan to regulate the over-the-counter derivatives market outlined by Secretary Timothy Geithner on May 13 contains recommendations...

Fear and Looting in America: Be Happy as Wall Street walks off with Your Money

Les Leopold | Posted 06.22.2009 | Business


Les Leopold

Should we stop whining and accept the new economic realities? No thank you.

New York Times Lulls Public into False Sense of Derivatives Security

Michael B. Laskoff | Posted 06.14.2009 | Business


Michael B. Laskoff

Let's think of derivatives like plutonium and the financial system as a nuclear power plant. By all means, use the fuel but never, ever forget its awe-inspiring capacity to wreak destruction.

Electronic Trading For Derivatives To Increase Transparency: Geithner

bloomberg.com | Matthew Leising | Posted 06.13.2009 | Business


May 13 (Bloomberg) -- The U.S. Treasury will tell banks to increase transparency in the over-the-counter derivatives market by making prices availabl...

Stress Test for U.S. Banks Is a Complete Fraud

Sheldon Filger | Posted 06.12.2009 | Business


Sheldon Filger

It is the fear of the derivatives toxin that has frozen credit markets, leading to the Global Economic Crisis. Geithner's stress test can't fix the calamitous state of the U.S. banking sector.

Derivatives: The Crystal Meth of Finance

Thomas A. Bass | Posted 06.05.2009 | Business


Thomas A. Bass

The world economy sits on top of the world financial markets, and there is no hope of engineering an economic recovery without a functioning financial system.

We Still Haven't Faced the Full Depth of the Economic Crisis

Deepak Chopra | Posted 05.27.2009 | Home


Deepak Chopra

--

AIG's Financial Products Unit Hasn't Signed "Big Bang" Protocol

Financial Times | Michael Mackenzie and Francesco Guerrera | Posted 05.14.2009 | Business


The unit that all but destroyed AIG has failed to sign up for the overhaul of the global derivatives market which was given added impetus by the troub...

An Ancient Basis for Tomorrow's Financial Regulations: Rethinking Usury Law

Jay Michaelson | Posted 04.28.2009 | Politics


Jay Michaelson

To ban or heavily regulate usurious derivative securities is not socialism. It is Christianity and Judaism.

Sex, Spitzer, Derivatives: Using Our Outrage

Ari Melber | Posted 04.25.2009 | Politics


Ari Melber

In a galling demonstration of Washington's tangled priorities, leaders in both parties still refuse to tap Eliot Spitzer's expertise for policymaking and enforcement in the current crisis.

Kit Taylor: Derivatives Should Have Been Regulated

Bloomberg | Darrell Preston | Posted 04.25.2009 | Business


March 25 (Bloomberg) -- The former chief regulator for the $2.69 trillion municipal bond market for the first time acknowledged that the governing boa...

AIG, Populist Rage, and the Future of Banks

Howard Schweber | Posted 04.18.2009 | Business


Howard Schweber

Lately the torches-and-pitchforks voices have begun to drown out serious discussion. Time to take a deep breath or two: populist rage is a rotten basis for policy-making.

Jason Linkins

Scritti Politti: March 16, 2009

HuffingtonPost.com | Jason Linkins | Posted 04.16.2009 | Politics


After the 2008 Election, it was generally decided that Nate Silver, of FiveThirtyEight.com was to be crowned the new God of The Maths and King Kahuna ...

Billions for AIG to Protect the Speculative Profits of Goldman Sachs/Morgan Stanley

Raymond J. Learsy | Posted 04.05.2009 | Business


Raymond J. Learsy

It is past time that a distinction be made between that part of AIG's business that was a "large and stable insurance company," and that part that was a "hedge fund," or better put, a casino.

JPMorgan Derivatives' $5 Billion Windfall

Bloomberg | Matthew Leising and Elizabeth Hester | Posted 04.03.2009 | Business


March 3 (Bloomberg) -- JPMorgan Chase & Co. managed to generate $5 billion in profit during the worst year in Wall Street history by trading over-the-...

How About a Smart-Plus-Greedy-Equals-Stupid Tax?

David Quigg | Posted 02.03.2009 | Business


David Quigg

How about a smart-plus-greedy-equals-stupid tax? We will save it for the absolutely inevitable moment in the not-so-distant future when Wall Street will forget the lessons of 2008.

Will someone tell Hank it's time to change course in the financial bailout?

David Paul | Posted 12.16.2008 | Business


David Paul

The longer this goes on, the more absurd it is becoming. Hank Paulson may know what he is doing. He may have insight that is lost on the rest of us. ...

Paulson Cuts Goldman Sachs a Sweetheart Deal

Marco Trbovich | Posted 11.29.2008 | Politics


Marco Trbovich

An analysis of the bailout deals Paulson has been cutting with taxpayer dollars reveals he's giving the culprits who created the nation's credit crisis what amount to sweetheart deals.